European Union leaders have struck a deal on a huge post-coronavirus recovery package following a fourth night of talks.

It will see the 27-nation bloc offering 750billion Euros in grants and loans to counter the economic impact of the pandemic.

Summit chairman, CHARLES MICHEL said it was a "pivotal moment" for Europe.

Talks which began last Friday saw a split between nations hardest hit by the outbreak and "frugal" members who were concerned about costs.

The package will now face more technical negotiations by member states, and need ratification by the European Parliament.